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Beware of Phony Fidelity Fund Manager E-mail Scam

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Curve Equity Exposed Fund (AXcess News) Reno, NV - Internet security vender, Sophos, hasuncovered a phony Fidelity Fund Manager e-mail scam being sent unsolicited to e-mail users nationwide.

In 2000, Chris passionately turned his focus to trading to the capital markets with a primary focus on currency trading. Chris was mentored in technical analysis and trading by one of the best fund managers, winner of the Daiken Award for best new fund for private equity, in the FX industry. Chris currently manages funds with his mentor and partner on behalf of exclusive private investors. Chris received his CTA (Commodity Trading Advisor) accreditation, which includes the Series 3 exam requirement and is registered with the National Futures Association.

Equity Income Funds The phony e-mail scam poses as a message from a fund manager at Fidelity Investments who has secretly extracted money from the company.

In 2000, Chris passionately turned his interest to trading in the capital markets with a primary focus on currency trading. Currently he manages funds on behalf of exclusive private investors and institutions. Chris was mentored in technical analysis and trading by one of the best fund managers, winner of the Daiken Award for best new fund for private equity, in the FX industry.

Capital Casebook Equity The e-mails, which pretend to come from someone calling himself William Smith at the USA's largest mutual fund company, claim that the sender has "secretly extracted excess maximum return capital" from one of Fidelity's funds. They go on to claim that the fund manager has already made $22.4 million, and is looking for someone else to assist in the crime.

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Private Investment In Public Sophos researchers believe that the e-mails are a variant of the commonly-encountered "Letter from Nigeria" scams, also known as 419 Advanced Fee Fraud, that fool innocent users into believing that a large amount of money will be transferred into their bank account, but are really designed to steal information about the user's identity and bank account, or demand a "handling fee" for the money transfer.

    While your username may be visible to everyone, your password is not and it should always remain completely confidential.

  • Beware of Phishing scam artists.

Equity Mutual Funds The scam claims to come from a Fidelity Investments fund manager.

Birmingham Contact Equity "E-mail scammers are attempting to fleece the unwary out of money, and it is the naive who are most at risk of ending up penniless," said Graham Cluley, senior technology consultant for Sophos. "This scam contains spelling mistakes and typos, but even if the scammer had done a better job at presenting himself professionally people need to learn that there is no such thing as a free lunch. If an unsolicited e-mail makes extravagant promises then computer users should be extremely cautious."

Private Equity Investment Firm Fidelity Investments, which is headquartered in Boston, Massachusetts, is said to be working with the authorities to investigate the source of the e-mails.

Complying Deal Equity Funds "It's important to realise that Fidelity Investments have done nothing wrong. They are just the unfortunate victim of their own success. The scammers have chosen to pose as them because Fidelity is a well known and highly-regarded name, and they hope it will encourage victims to pursue the dodgy business opportunity," continued Cluley.

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